Discussion in 'Bullion Investing' started by CHARLES GINETTO, Mar 24, 2020.
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I've determined that both sellers and buyers are generally acting irrationably, with buyers wanting to pay less, and sellers wanting to be paid more.
I'd suggest a minimum sales price 115% of the melt values in this link: http://www.coinflation.com/gold_coin_values.html + sales tax amount. I don't sell any longer on eBay, but have had reasonable success with coins purchased in the past.
Sellers list their inventory with a price, but often when you agree to pay their price, on multiples, they state sales, but a little later will have some of the coins listed.
Just list your desired/offer? price initially, and you'll probably realize market interest quickly.
Regardless of how you choose to distribute your charges, you're going to have to absorb these various expenses to PayPal, Ebay, shipping, insurance, taxes & packing costs. I'm thinking most people are adding about 7%-10% overhead. And it wouldn't be out of range to add up to 15% since that might even be more realistic for you. Some auction houses allow you to automatically add the 12-15% at bidding time.
Hmm! As it turns out, I wasn't the only one.
I've never seen that, especially now....I thought there was a "shortage" of gold (and silver) coins and that the price for them had moved up sharply even though the underlying bullion price had not ?
I should have said that I was selling below value, but I raised my prices at the beginning of March do not use promotions nor make an offer.
Can you give us an example of what you are selling -- raw coins, slabbed, MS or PF 70's, DCAM, etc. ?
Some are slabbed and some are raw and honestly I don't know what the other things mean. Here are a few pictures of what I'm selling.
MS is short for Mint State.
PF 70's would be proofs in a grade of 70.
DCAM, etc refers to type of finish.
Back to the coins, really linking the gold.
The bicentennial stuff everyone likes, BUT probably have in duplicate numbers.
Separate names with a comma.